So I played in 1.0, stopped as many people did. I came back for 2.0 and stopped again because the game was barely playable for us Europeans.
I started again a few months ago and I am at the end of SB.
I have to say, I've been let down with the story because people have hyped it way too much.
The story isn't bad by any means. The problem is the storytelling. It is slow. Terribly slow.
People will tell you "It's because it's a Japanese game, it's just the way it is.". No. It's not. Dark Souls, Monster Hunter, Resident Evil, Metal Gear Solid, Devil May Cry, Bayonetta, Bloodborne, Sekiro, Fire Emblem, The Evil Within are all Japanese games and they do not have such a slow storytelling pace.
People will tell you "It's because a JRPG". Again, I'm sorry, no. I played all main FF games from VI to XIII and the only one that is really slow (and still faster than XIV) is XIII and honestly it's not praised for it's pace, quite the opposite. I even do a yearly run of FFX because it's one of my favorite games of all time and still watch all cutscenes and it's not nearly that slow. In FFX you don't have 4-5 hours of side quests telling you all about the Hypello (I'm pretty sure people don't even remember them). In the case of XIV, you would have 4-5 hours of quests with them followed by an entire beast tribe of Hypello unlocking you a Shoopuff mount at the end.
FFXIV is clearly one of the slowest paced game I have ever played.
I have a second problem with this storytelling. SQEX is force-feeding us all of the lore in the MSQ. The side quests (non-blue, non-MSQ) are almost completely dry of any lore. The items are almost completely dry of any lore as well. There is no real incentive to search every nook and cranny for lore. This is a big issue for me.
One of the things I love in Dark Souls is how they tell you the story, you have to look for the pieces and put them together. Now this may be too extreme for many people, which I totally get, but in FFXIV I feel like a goose being force-fed food. Sure the Qalyana seem interesting, but I didn't want to be force fed their lore in the MSQ. Same goes for the Kojin. It is way, way too much.